Columbus
CoStar Insight
Hotel sales volume increases in the Midwest, led by Chicago, Indianapolis and ColumbusHotel sales in the five-largest hotel markets in the Midwest have increased, trading at a faster pace than in the previous year. Through the first five months of 2024, hotel sales ...More News
Daily Roundup
Construction material costs surge; Single-family lots hit record price; Mortgage applications declineHere's what you need to know to start your day.Global Report
CoStar World News for July 17African hotel franchising gains momentum; UK looks to ban upward-only commercial rent reviews; French logistics leasing reboundsOne of Denver's newest office towers lands deal as landlords scramble for leasesThe law firm Reed Smith has signed an agreement for a full floor in a plan to relocate and expand its downtown footprint.
Google’s high-profile renovation of iconic Chicago building gives new look to heart of cityThe tech giant’s work on the James R. Thompson Center is driving conversations about downtown.
Global manufacturer sells former Charlotte headquarters as office market reboundsSPX Flow has scored nearly $72 million in a deal for Ballantyne Tower within months of listing the property for sale.
Chart of the Day
Single-borrower loans bolster CMBS marketThe deal type has accounted for nearly 60% of offerings this year.Podcast
Extended-stay hotels maintain equilibrium amid brand, investor interestThe Highland Group's Mark Skinner says performance trends in the segment mirror those seen in the larger hotel industry, reversing trends observed during the pandemic.Renegade Hotels looks to bring lifestyle culture to select-service hotelsBoutique and lifestyle hotel management firm Rebel Hotel Company's new division, Renegade Hotels, will apply its approach to operations to select-service hotels.
Westwood Financial taps Phillips Edison executive to serve as CEORetail executive KC Bills steps in to lead the Los Angeles shopping center firm amid a generational leadership shift.
Target, Starbucks ramp up office mandates alongside broader turnaround effortsThe companies are among the U.S. corporate giants implementing stricter requirements for employees.
Banks shrink exposure to problem office loans, led by Wells Fargo JPMorgan Chase said revenue from commercial real estate banking fell 1%.
Daily Roundup
Shelter costs push inflation higher; Freight industry job cuts mount; Office attendance dropsHere’s what you need to know to start your day.JPMorgan completes lease for 150,000 square feet of Canary Wharf overflow spaceThe banking giant has taken overflow space as it steps its staff return to the office.
Pandox, Eiendomsspar to acquire Ireland’s Dalata Hotel Group for €1.4 billionAfter a few months of wrangling, Dalata Hotel Group has accepted an offer from Pandox AB and Eiendomsspar AS for 100% its shares that now values the of the Irish hotel firm at €1.4 billion.
Featured
CoStar News recognized in major journalism contestJournalist Andy Peters honored for a report on how artificial intelligence is changing data center design.Kilroy Realty notches win with AI startup’s move to triple San Francisco headquartersHarvey AI has inked a major expansion deal as the company scrambles to keep up with its growth.
Exclusive
Lululemon expands corporate headquarters with downtown Vancouver dealThe athletic wear maker plans to move into nearly 300,000 square feet of former Microsoft space next year. Daily Roundup
Alexandria signs its largest biotech lease; GM, LG partner on EV battery plant; Business formations riseHere's what you need to know to start your day.Brookfield buys more smaller-format industrial buildings in USThe purchase from Stonelake Capital Partners is a bet on domestic supply chains.
People of Note
Northmarq adds apartment sales veteran; Diversified hires trio in Arizona; Concord Summit grows LA capital markets groupRead the latest on new hires, promotions and other personnel changes.Nvidia stretches real estate growth with deal to double Texas hubThe world's most valuable company agreed to anchor Brandywine Realty Trust's One Uptown office development in Austin.
Why hotel deals under $50 million are leading the US transactions marketEconomic uncertainty this year has slowed hotel deals in the U.S., but would-be buyers are still actively looking for opportunities with hotels priced under $50 million.
Giri Hotels rides wave of growth but stays close to homeThe Northeastern management group keeps business in the family.
US tech companies renew push to own their office real estateApple, LinkedIn, Bet365 and others are bolstering sales volume as tenants eschew leases for their own big-ticket purchases.
Featured
CoStar Insight
CoStar Insight
Analytics
Market participants say they are far more optimistic regarding prospects of other real estate types
Analytics
CoStar Insight
CoStar Insight
Hospitality
Large urban markets rely on international migration for population growth
Hospitality
CoStar Insight
CoStar Insight
Analytics
Large, vacant industrial properties trade at discount, further expanding premium paid for occupied properties
Analytics
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Featured
Featured
Office
The Diamond in Chicago is the latest building to take on a new moniker inspired by its design
Office
Featured
Featured
Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
International News
United Kingdom
Sell orders are at their lowest level since 2020
United Kingdom
United Kingdom
Dooa Capital signs Stephanie McCaffrey's Racketeer for its first venue outside of Los Angeles
United Kingdom
Germany
The 400,000 square feet of warehouses are located across Germany
Germany
Canada
Quebec-based chain working to buy 7-Eleven aims to complete 41 new outlets in coming quarters
Canada
United States
Take a dip in one of these wanderlust-worthy waters
United States
United Kingdom
Private equity is battling with listed bidder Tritax for the group.
United Kingdom
United States
Law aims to encourage soundstage development as state vies for more productions
United States
United Kingdom
Manufacturing to drive early take-up wave as investors work out ESG position
United Kingdom
Ian Jacobs of the Reichmann real estate family is buying up properties in the city's central shopping district.
Prologis improves outlook as logistics customers resume lease deals
The industrial real estate giant's development pipeline represents "the largest start to a year that we have ever had," Chief Financial Officer Tim Arndt said.
Pack it up: Tupperware's former office campus hits market after bankruptcy filing
The headquarters complex near Orlando, Florida, has been listed for sale just a few years after a leaseback deal was arranged.
CoStar Economy
Tariff revenue and cuts to education yield a monthly surplus to the government’s coffers
Nation sees year-to-date deficit shrink by 1%.
Leeny Oberg to step down from Marriott next year
Leeny Oberg, who serves as chief financial officer of Marriott and spearheads development for the company, will retire on March 31 of next year. Two longtime Marriott executives will step up to take on her responsibilities.
Featured
CoStar Insight
CoStar Insight
Analytics
Market participants say they are far more optimistic regarding prospects of other real estate types
Analytics
CoStar Insight
CoStar Insight
Hospitality
Large urban markets rely on international migration for population growth
Hospitality
CoStar Insight
CoStar Insight
Analytics
Large, vacant industrial properties trade at discount, further expanding premium paid for occupied properties
Analytics
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Featured
Featured
Office
The Diamond in Chicago is the latest building to take on a new moniker inspired by its design
Office
Featured
Featured
Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
International News
United Kingdom
Sell orders are at their lowest level since 2020
United Kingdom
United Kingdom
Dooa Capital signs Stephanie McCaffrey's Racketeer for its first venue outside of Los Angeles
United Kingdom
Germany
The 400,000 square feet of warehouses are located across Germany
Germany
Canada
Quebec-based chain working to buy 7-Eleven aims to complete 41 new outlets in coming quarters
Canada
United States
Take a dip in one of these wanderlust-worthy waters
United States
United Kingdom
Private equity is battling with listed bidder Tritax for the group.
United Kingdom
United States
Law aims to encourage soundstage development as state vies for more productions
United States
United Kingdom
Manufacturing to drive early take-up wave as investors work out ESG position
United Kingdom
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